The following information for Carla Vista Products is available on June 30, 2014, the end of a monthly accounting period. Prepare the necessary adjusting journal entries for Carla Vista Products as of June 30 for each situation given. Adjusting entries are recorded at the end of every quarter prior to preparing financial statements. You may omit journal entry explanations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. 2. 3. 4. 5. Carla Vista purchased a 1-year insurance policy on June 1, 2014, and debited an asset account for $3,456. On May 1, 2014, a tenant in an office building owned by Carla Vista Products paid $6,336, which represents three months' rent in advance. The amount received was credited to the Unearned Rent Revenue account. On June 1, 2014, the balance in the Supplies account was $400. During June, office supplies costing $808 were purchased and half was paid in cash, with the balance on account. A physical count of office supplies at June 30 revealed that there was $124 of supplies still on hand. On March 31, 2014, Carla Vista Products purchased equipment for $28,800. The company calculated annual depreciation to be $5,760. Carla Vista Products has 7 employees who earn $112 per day, and 3 employees who earn $192 per day, respectively. Employees are paid each Friday for a five-day work week that begins each Monday. June 30 is a Thursday.